Landcorp sees NZ dairy conversion rate slowing on increasing costs, environmental restrictions

Tue, 23 Jun 2015

By Tina Morrison June 24 (BusinessDesk) - Landcorp Farming, which has almost tripled its milk production over the past decade, expects the rate of dairy expansion will slow as environmental restrictions, and higher land and labour costs make it less viable. Large tracts of flat land in New Zealand once used for sheep farming have been converted to dairy as farmers were lured by higher prices for dairy products while demand for sheepmeat and wool waned. The number of dairy cows has jumped to a record 6.7 million, while sheep numbers droppe...

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